Academy Sports and Outdoors’ (ASO) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Academy Sports and Outdoors (NASDAQ:ASOFree Report) in a research report sent to investors on Tuesday morning, Benzinga reports. Telsey Advisory Group currently has a $75.00 price objective on the stock.

A number of other brokerages also recently issued reports on ASO. Morgan Stanley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an equal weight rating for the company in a research report on Friday, March 22nd. Evercore ISI lowered their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Robert W. Baird raised their target price on Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an outperform rating in a report on Friday, March 22nd. Wells Fargo & Company lowered their target price on Academy Sports and Outdoors from $83.00 to $80.00 and set an overweight rating for the company in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an overweight rating in a report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of Moderate Buy and a consensus price target of $66.27.

View Our Latest Research Report on ASO

Academy Sports and Outdoors Stock Down 2.9 %

Shares of ASO opened at $51.37 on Tuesday. Academy Sports and Outdoors has a 52-week low of $42.83 and a 52-week high of $75.73. The company has a market capitalization of $3.79 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. The stock has a fifty day simple moving average of $56.83 and a two-hundred day simple moving average of $62.06. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. As a group, equities analysts forecast that Academy Sports and Outdoors will post 6.68 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Trust Investment Advisors increased its holdings in shares of Academy Sports and Outdoors by 1.2% in the fourth quarter. Trust Investment Advisors now owns 14,792 shares of the company’s stock valued at $976,000 after purchasing an additional 172 shares during the period. Meritage Portfolio Management increased its holdings in shares of Academy Sports and Outdoors by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 8,337 shares of the company’s stock valued at $550,000 after purchasing an additional 174 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after purchasing an additional 245 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after buying an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Academy Sports and Outdoors by 4.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,980 shares of the company’s stock valued at $395,000 after buying an additional 265 shares in the last quarter.

About Academy Sports and Outdoors

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.

Further Reading

Analyst Recommendations for Academy Sports and Outdoors (NASDAQ:ASO)

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